Minerals 260 Limited advises that the Board has resolved to appoint highly experienced mining executive Luke McFadyen as Managing Director, effective 1st November 2023. The decision reflects the high regard with which the Board considers and has assessed the contribution Luke has made to the Minerals 260 business and growth strategy since his commencement as Chief Executive Officer on 1 July 2023. In accordance with ASX Listing Rule 3.16.4, the material terms of Mr. McFadyen's appointment to Managing Director remain unchanged to that as announced to the market on 26 May 2023.

Luke is a highly accomplished mining executive with over 15 years' experience working in top tier and global organisations, such as, BHP, South32, Syrah Resources, International Copper Association Australia and OZ Minerals. His experience covers strategy, valuations, investment assessments, commodity market analysis and risk management. Luke is a Fellow of The Australasian Institute of Mining and Metallurgy (FAusIMM) and holds a Master of Science (Mineral and Energy Economics), MBA from Curtin University, as well as a Bachelor of Commerce (Economics) and Bachelor of Science (Biology) from the University of Notre Dame Australia.